Hino to set up truck and bus manufacturing plant in Malaysia, a joint venture with MBM Resources: Hino Motors,

Hino Motors, the truck and bus maker from Japan, has entered into a joint-venture agreement with long-time partner, MBM Resources Berhad (MBMR), to establish its first manufacturing plant in Malaysia. Hino will hold a 58% stake in the JV company, Hino Motors Manufacturing (Malaysia) Sdn Bhd, while the balance will be owned by MBMR. The plant, which will involve an initial investment of RM140 million, will be located on a 42-acre site in Sendayan TechValley, Negeri Sembilan. Construction is scheduled to begin in February 2013 and end early 2014. With an annual production capacity of around 10,000 units, the factory will manufacture the full range of Hino products comprising small, medium and heavy duty trucks, as well as buses for the Malaysian market. “This strategic investment to set up a manufacturing plant here, we expect, will further strengthen our market leadership i...